Emerging Markets

How to Play Diverging Markets

Growth prospects for the biggest emerging markets are headed in different directions. Hint: Go for the growth.

Emerging markets don't lack for artificial groupings–first there were Asean countries, then the BRICs, and more recently, the Fragile Five–but, as last week's data made clear, their economic performance defies easy categorization. As a result, investors increasingly have to assess individual markets.